FINHUB Insights

Apple Q4 FY25: where the revenue came from and where it went

The whole income statement of Apple for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Jun 29 – Sep 27, 2025
Reported
Oct 31, 2025 10-K accession 0000320193-25-000079

Revenue$102.5B +8% year over year
Gross profit$48.3B 47% margin
Operating profit$32.4B 32% margin
Net profit$27.5B 27% margin
Sankey diagram of Apple's income statement for Q4 FY25: revenue of $102.5 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Sep 27, 2025).
ItemValueShare of revenueYear over year
Revenue 102.5 100% +8%
iPhone 49.0 48% +6%
Services 28.8 28% +15%
Wearables 9.0 9% +0%
Mac 8.7 8% +13%
iPad 7.0 7% +0%
Cost of revenue−54.153%
Gross profit48.347% margin+1pp
R&D−8.99%+0pp
Sales & marketing−4.95%+0pp
G&A−2.12%+0pp
Operating profit32.432% margin+0pp
Other income, net0.4
Tax−5.3
Net profit27.5 27% margin+11pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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